Data Sources and Methodology

  • Data obtained from PLS and filtered to show relevant transactions and current deals on the market.
  • Select active deals or previous M&A activity in the map.
  • Table includes current deals.

Select Highlights

  • Three Rivers Operating III (Riverstone backed) recently divested it’s ~60,000 acre position in Culberson County.
    • Riverstone stated they received a ROI of ~2.2 from its initial investment of ~$94 million which represents total proceeds of ~$205 million.
    • The total price paid is currently unknown.
  • Rumored buyer is Admiral Permian (ex Reliance) which received an equity line of $600 million from Pinebrook in March of 2017.
  • Announcement was somewhat surprising as well results in the area have been underwhelming.
  • Bloomberg reported that Shell is potentially interested in acquiring BHP’s Delaware Basin assets.
    • “BHP has good assets that overlap our own acreage in the Permian, and may be interesting for us.”